Macau sees month-on-month and year-on-year revenue growth in July

| By Marese O'Hagan
Macau's gambling revenue rose month-on-month in July, and grew significantly year-on-year, largely due to a reduction in novel coronavirus (Covid-19) restrictions.
Macau visa

Revenue in July came to MOP8.44bn (£755m/€884m/$1.05bn), a rise of 29.1% compared to June and up 527.9% year-on-year.

July 2020 itself had seen significant month-on-month improvement as Guangdong province rescinded its 14 day mandatory quarantine rule for travelers entering Macau from July 15.

July’s improvement takes Macau’s cumulative gross gaming revenue for the year to MOP57.46bn, a rise of 63.8% compared to the same point in 2020, but still well below 2019’s levels.

Also in July 2021, Macau made a change to its entrance measures in order to limit the spread of the virus in the region. From July 31, all intending to travel by aircraft to the Macau Special Administrative Region must present proof of a negative Covid-19 test within 48 hours of boarding the aircraft.

Previously implemented rules, such as a complete ban on those who have been outside of mainland China, Hong Kong or Taiwan in the previous three weeks and a requirement to present a negative Covid-19 test within seven days of departure if a person arriving in Macau has visited mainland China remain in place. Those travelling from certain cities in mainland China such as Zhongshan also face additional testing requirements.

July also saw a number of Macau operators present their H1 and Q2 financial results. Las Vegas Sands reported a revenue increase of 60.2% in its H1 results.

Meanwhile, Melco Resorts reported revenue of $566.4m in its Q2 results, a number chief executive Lawrence Ho put down to the influx of returning non-VIP mass market customers.

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